Converted Accounts definition

Converted Accounts means Accounts as to which the Account Debtor has agreed to transfer part or all of the outstanding balance of an Account to a current outstanding balance on a newly issued credit card and has satisfied the underwriting criteria for issuance of the credit card.
Sample 1
Converted Accounts means Private Label Accounts that are converted to Co-Branded Accounts as set forth in Section 2.9, together with Co-Branded Accounts which have been converted from Private Label Accounts since the inception of the Program.
Sample 1
Converted Accounts means any Customer or group of Customers in the Territory for which Company and Representative mutually agree to have a Company employee act as a sales representative after the Second Sales Year, and subject to the terms in Section 3.3 below.
Sample 1

Examples of Converted Accounts in a sentence

  • Borrower will not amend either the TCSI Account Purchase Agreement or the Converted Accounts Agreement without the prior written consent of Lender in its sole discretion.

  • As of the Closing Date, Borrower has provided to Agent or its counsel, on behalf of Lenders, accurate and complete copies of all of the following agreements or documents to which it is subject: Account Purchase Agreements, Converted Accounts Sale Agreements and Forward Purchase Agreements.

  • Borrower shall not incur any contractual liabilities except liabilities under this Agreement, the 23 30 Account Purchase Agreements, the Converted Accounts Sale Agreements and the Forward Purchase Agreements.

  • If at any time Franchisee's Share as calculated under the Franchise Agreement would be greater with respect to Converted Accounts than Franchisee's Share as calculated under the Initial Agreement, Franchisee's Share and Franchisor's Share on xxxxxxxx from Converted Accounts thereafter and forevermore shall be determined in accordance with the Franchise Agreement.

  • Borrower will not engage in any line of business other than purchasing Unconverted Accounts from TCSI pursuant to the TCSI Account Purchase Agreement or from third parties pursuant to Asset Purchase Agreements, acquiring Credit Card Receivables pursuant to the Converted Accounts Agreement or pursuant to other agreements, and holding and disposing of the Assets, without the prior written consent of Lender, which consent may be withheld for any reason or no reason.

  • Following the approval thereof by Agent, Borrower shall not change or amend the terms of any Account Purchase Agreement, the Converted Accounts Sale Agreement or any Forward Purchase Agreement without the prior written consent of Agent; provided that with respect to such agreements with parties other than Servicer, such consent shall not be unreasonably withheld.

  • Borrower will not engage in any line of business other than purchasing Unconverted Accounts from TCSI pursuant to the TCSI Account Purchase Agreement, acquiring Credit Card Receivables pursuant to the Converted Accounts Agreement, and holding and disposing of the Assets, without the prior written consent of Lender, which consent may be withheld for any reason or no reason.

  • Franchisor's Split and Franchisee's Split on xxxxxxxx from Converted Accounts shall continue to be determined in the same manner as set forth under the Initial Agreement (e.g., using billed hours to determine Adjusted Gross Margin Dollars rather than billed dollars) for so long as such calculation is more advantageous to Franchisee than if calculated under the terms of the Franchise Agreement.

  • Xxxxxxxx from Strategic National Account Customers and Converted Accounts shall be included in total Adjusted Gross Margin Dollars for purposes of calculating Franchisor's Split and Franchisee's Split under the Gross Margin Schedule.

  • The xxxxxxxx from the Franchised Business for Converted Accounts shall not be included with the xxxxxxxx from other Temporary Employment customers of the Franchised Business.


More Definitions of Converted Accounts

Converted Accounts means those Zale Program Accounts sold to Bank under the terms of the Portfolio Purchase and Sale Agreement (i) with a fair market value of at or below par and (ii) that do not fall into a category listed in Schedule 2.5(d).
Sample 1
Converted Accounts means those Pier 1 Program Accounts sold to Bank under the terms of the Portfolio Purchase and Sale Agreement.
Sample 1
Converted Accounts means each credit card account established between an Issuing Bank and an Obligor as the result of the Obligor's decision to Convert an Unconverted Account, the Receivables of which are transferred to the Buyer pursuant to Section 2.2, and identified in the records of TCSI and the buyer as Pool Identification Number 2000100.
Sample 1

Related to Converted Accounts

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Funds and Accounts means funds and accounts created pursuant to or referred to in Section 501

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Investment Account As defined in Section 3.12(a).

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Finance Charge Account is defined in Section 4.9(a).